GaliX

JPY retrace before rocket up

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
The chart with a larger time frame to my earlier published 15min chart which was too short term.

Stoch RSI could indicate a pullback before having a rocket up, so going to move my S/L to slight profit once it plays my way. going to kill the trade once it shows strengths to the upside.

Going to look for a long after the short as well ofc. But I don't like going long right here.

with a tight s/l in case we get another leg up I don't want to be trapped. May the stophunter not hunt me this time.

Edit: s/l seems too tight raised it a bit.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.